California based B2B payment platform PayStand has raised a $6m Series A led by BlueRun Ventures.
Users embed payments into their apps, websites and invoices, funneling revenue into a seamless digital network that supports traditional card & ACH processing as well as next-gen eCheck bank transfer and 0 percent eCash stored-value technology. All payment data is securely tracked and recorded, receivables digitized and processing automated. As traditional obstacles disappear, time-to-cash and transaction costs fall while revenue grows. The innate security of blockchain technology ensures that all records can have an audit trail, a crucial functionality in wake of massive financial data breaches such as Equifax.